South Korea’s central bank cuts a key rate to nurse a slower economy
South Korea’s central bank on Thursday lowered its key policy rate for the second straight month and said the country’s economy will grow at a slower pace than it initially anticipated.
South Korean central bank surprises with rate cut
BUSAN, South Korea -- South Korea's central bank surprised observers by cutting the key rate for a second consecutive meeting on Thursday, amid projections of slow growth for Asia's fourth-largest economy.
South Korea's central bank unexpectedly cuts rates by 25 bps
South Korea's central bank cut policy interest rates for a second straight meeting in a surprise move as the economy stalled and inflation slowed more rapidly than policymakers predicted. The Bank of Korea (BOK) lowered its benchmark interest rate by a quarter percentage point to 3.
Bank of Korea Surprises With Back-to-Back Rate Cut, Lowers Growth Forecasts
South Korea’s central bank unexpectedly cut its policy rate for a second straight time and lowered its growth forecasts for the country as it looks to step up support for the sagging economy.
S Korea Surprises With Second Successive Rate Cut
South Korea's central bank cut interest rates Thursday for the second time in a row in a surprise move, citing stabilising inflation and the need to mitigate growing economic risks.
BOK's surprise rate cut shows the bank is prioritizing South Korea's slowing economy: Morgan Stanley
Kathleen Oh, Morgan Stanley's chief Korea and Taiwan economist, explains what's behind the Bank of Korea's decision to cut interest rates for a second straight meeting.
South Korea unexpectedly cuts rates by 25 basis points — first back-to-back cuts since 2009
Economists polled by Reuters had estimated the bank to hold rates at 3.25%. This also marked the first time the BOK has enacted two back-to-back cuts since 2009. It had cut rates by 25 bps in its last meeting in October.
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